New Bern, North Carolina: A Premier Destination for Commercial Real Estate

Introduction

New Bern, North Carolina, offers a dynamic environment for commercial real estate (CRE) investors and professionals. As a city with a population of over 30,000, New Bern is strategically positioned with a growing economy and diverse industry clusters. Known for its historical significance and unique coastal location, the city serves as a hub for sectors including healthcare, manufacturing, and tourism. This makes New Bern a compelling destination for those interested in office, retail, industrial, and mixed-use properties.

Economic and Industry Overview

New Bern's economy is bolstered by a variety of industries that drive demand for different types of commercial properties.

• Healthcare: With major employers like CarolinaEast Health System, there is a consistent demand for medical office space.
• Manufacturing: Companies such as BSH Home Appliances bolster the industrial real estate market.
• Tourism and Hospitality: The city’s rich history and waterfront location attract numerous visitors, driving the need for retail and hospitality spaces.

Regional economic development is supported by organizations like the North Carolina Department of Commerce, which provides resources and initiatives to bolster local industries.

Strategic Location and Transportation Infrastructure

New Bern's strategic location offers numerous logistical advantages:

• Highways: The city is accessible via U.S. Highways 17 and 70, facilitating efficient transport and connectivity.
• Airports: Coastal Carolina Regional Airport connects New Bern to major regional hubs.
• Ports: Proximity to the Port of Morehead City enhances distribution capabilities.

The North Carolina Department of Transportation provides further details on infrastructure and logistics benefits.

Commercial Real Estate Inventory & Zoning

New Bern features a variety of CRE submarkets:

• Central Business District (CBD): A mix of historic and modern office spaces.
• Industrial Corridors: Notably along the U.S. 70 corridor.
• Innovation Districts: Emerging areas focused on tech and creative industries.

The city has implemented zoning incentives to encourage development, with resources available through the New Bern Development Services Department.

Major Employers and Institutions

Key employers and institutions in New Bern include:

• CarolinaEast Health System: A major healthcare provider.
• BSH Home Appliances: A significant player in the manufacturing sector.

The city also benefits from educational institutions like Craven Community College, which supports workforce development. For more information, visit the Craven County Economic Development.

Notable Commercial Developments & Projects

New Bern is home to several significant developments:

• Mixed-Use Projects: Initiatives like the New Bern Riverfront District offer commercial, residential, and recreational spaces.
• Opportunity Zones: The city includes designated Opportunity Zones that offer tax incentives for investors.

Details on these projects can be found at the New Bern Planning Department.

Building Permits, Planning, and Development Tools

For those interested in development, New Bern provides several resources:

• Building and Safety Department
• Permitting Portal
• GIS Parcel Viewer

Market Data & Economic Reports

Public data sets and economic reports are available from sources such as census.gov and the city's open data portal. Brevitas uses AI-powered aggregation from these and other sources to provide comprehensive market insights. Explore our Brevitas-powered dashboards.

Why Use Brevitas for New Bern, North Carolina CRE?

Brevitas offers a suite of AI-driven tools for CRE professionals:

• AI-Driven Discovery: Find properties faster with intelligent search features.
• Real-Time Market Alerts: Stay updated with the latest market trends.
• Smart Property Pages: Comprehensive property profiles with actionable data.
• Dealroom Collaboration: Enhance communication and negotiation processes.

Exclusive features include auto-generated listing pages, email and landing page tools, and integration with brokers and developers. Discover exclusive listings and premium exposure opportunities with Brevitas.

For more about how Brevitas can enhance your CRE endeavors in New Bern, contact us today!